Edge at 1702 Sells for $70M in South Tampa
The 259-unit Edge at 1702 at 1702 W Cleveland St in South Tampa sold for $70 million to a buyer tied to New York Life Insurance Co.
Edge at 1702, a 259-unit apartment complex at 1702 W Cleveland St in South Tampa, has sold for $70 million. The property includes two five-story residential buildings and a 458-space parking garage.
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Buyer REEP-MF Hadley Hyde PK FL LLC, tied to New York Life Insurance Co., assumed about $45.5 million of debt in the deal. That loan originated at roughly $47.6 million with the prior purchase in 2024.
The sale continues a steep decline in the property's value. It traded for $83 million in 2024 and $115 million in 2022. The buildings were completed in 2015 and 2016.
The complex sits near South Howard Avenue, about 1.5 miles from Hyde Park Village.
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Project File
- Address
- 1702 W Cleveland St, Tampa, FL
- Units
- 259
- Floors
- 5
The Project File tracks every fact, change, company, and article we have on this development, completed as of our latest research.
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